Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 6	B	Weak or Absent	Up	Up	Up	0.43%
Jun 5	B	Weak or Absent	Up	Up	Up	-0.53%
Jun 2	B	Weak or Absent	Up	Up	Up	1.42%
Jun 1	B	Weak or Absent	Up	Up	Up	4.66%
May 31	C	Weak or Absent	Up	Down	Down	8.31%
May 30	B	Weak or Absent	Up	Down	Down	7.93%
May 26	B	Weak or Absent	Up	Down	Down	8.12%
May 25	B	Weak or Absent	Up	Down	Down	7.93%
May 24	B	Weak or Absent	Up	Down	Down	8.12%
May 23	A	Weak or Absent	Up	Up	Flat	4.37%